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With rent prices soaring, the beginning of every month can be a real pain when it’s time to pay up. That’s where the Bilt Rewards* program steps in, a financial service that’s gaining traction thanks to its awesome first-of-the-month deals and other perks. By paying rent through Bilt Rewards, you can stack up points that you be transferred to several airlines and hotels, putting them toward flights or stays.

There are two basic ways to earn points on your rent. One, by living in a property linked to the Bilt Rewards Alliance, meaning you pay via Bilt’s platform. The other option is using the Bilt Mastercard to pay your rent. This is great for those living in places accepting credit cards as forms of payment. Usually, credit card payments charge an extra 2-3%, increasing your already hefty rent. But here is the deal: Bilt Mastercard refunds that fee, so you can save some cash. Therefore, instead of paying from your bank account or with cash, check, or any other no-fee method, you can use the Bilt card, pay the same amount, and gather points simultaneously.

Imagine this: if you are spending around $1,500 monthly, you would have 18,000 points accumulated in a year. And with Bilt’s frequent promotions, those points might even get a boost when transferring to partner companies. Recently, Bilt’s Rent Day promotion gave a whopping 100% bonus for points transferred to the Flying Blue program of Air France and KLM. That means your points are worth double! For hotel enthusiasts, both IHG and Hyatt are part of the points transfer program.

For those who have the Bilt Mastercard, Rent Day promotions offer even more benefits. Think 6x points on dining, 4x on travel, and 2x on anything else other than rent. For example, if you wait until the first day of the month to make a purchase on one of the featured categories with your Bilt card, your points will multiply. For instance, a $200 shopping spree would get you 400 points, while a $100 fancy dinner racks up 600 points. Each month brings different promos, and they are typically announced on both Bilt’s website and mobile app beforehand.

Let’s break down the perks:

• Use your earned points to book flights and stays via Bilt’s travel portal, giving you access to over 100 airlines and hotels.

• You can also use those points to pay your rent or even save for a down payment.

• Apart from travel and housing, you can cash in your points for fitness classes, specially curated art catalog items, decor, and clothing.

• Payments get reported to credit monitoring agencies, which can boost your credit score.

• The Bilt Mastercard has no annual fee and lets you earn points on rent, double points on travel, and triple points on dining. All other categories get 1 point per dollar, except during promotional periods like Rent Day when points may increase.

So, if you have to pay rent anyway, why not take advantage of Bilt Rewards, rack up those points, and make that dream trip a reality?

*The Bilt Rewards program is offered only to legal residents of the United States.